Share capital (Tables)

9 Months Ended

Aug. 31, 2017

Equity [Abstract]

Schedule of Common Shares Issued and Outstanding [Table Text Block]

in thousands of dollars, except share amounts

	Number of shares		Ascribed value $
November 30, 2015		104,796,421		136,040
Exercise of options		162,854		65
Restricted Share Units		108,399		34
Deferred Share Units		218,795		218
November 30, 2016		105,286,469		136,357
Exercise of options		171,458		54
Restricted Share Units		209,198		83
August 31, 2017, issued and outstanding		105,667,125		136,494

Schedule of Stock Options, Valuation Assumptions [Table Text Block]

	August 31, 2017
Risk-free interest rates		0.89	%
Exercise price		CDN$0.72
Expected life		3.0 years
Expected volatility		74.3	%
Expected dividends		Nil

Schedule of Stock Options Activity [Table Text Block]

A summary of the Company’s stock option plan and changes during the nine month period ended is as follows:

	August 31, 2017
	Number of options		Weighted average exercise price $
Balance – beginning of period		6,049,433		0.50
Granted		1,695,000		0.57
Exercised		(362,477)		0.40
Forfeited		(169,329)		0.50
Balance – end of period		7,212,627		0.56

Schedule of Disclosure of Stock Options Outstanding [Table Text Block]

The following table summarizes information about the stock options outstanding at August 31, 2017.

	Outstanding						Exercisable				Unvested
Range of price	Number of outstanding options		Weighted average years to expiry		Weighted average exercise price $		Number of exercisable options		Weighted average exercise price $		Number of unvested options
$0.35 to $0.50		4,267,627		2.95		0.41		3,588,457		0.42		679,170
$0.51 to $1.00		2,890,000		3.30		0.75		2,163,327		0.81		726,673
$1.01 to $1.47		55,000		0.67		1.59		55,000		1.59		-
		7,212,627		3.07		0.56		5,806,784		0.58		1,405,843

Schedule of NovaGold Arrangement Options Activity [Table Text Block]

A summary of the NovaGold Arrangement Options and changes during the nine month period ended is as follows:

	August 31, 2017
	Number of options		Weighted average exercise price $
Balance – beginning of period		312,195		4.26
Expired		(312,195)		4.26
Balance – end of period		-		-

Schedule Of Sunward Arrangement Stock Options Outstanding [Table Text Block]

A summary of the Company’s unit plans and changes during the nine month period ended August 31, 2017 is as follows:

	Number of RSUs		Number of DSUs
Balance – beginning of period		400,001		925,390
Granted		600,000		98,554
Vested/paid		(399,999)		-
Balance – end of period		600,002		1,023,944

Schedule of Warrants, Activity [Table Text Block]

A summary of the Company’s warrants and changes during the nine months ended August 31, 2017 is as follows:

	Number of Warrants		Weighted average years to expiry		Weighted average exercise price $
Balance – beginning of period		6,521,740		2.35		1.60
Balance – end of period		6,521,740		1.85		1.60